Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the completion of the sale, the executive vice president now directly owns 89,575 shares of the company’s stock, valued at $4,257,499.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Fidelity National Financial, Inc. (NYSE:FNF) opened at 47.35 on Friday. Fidelity National Financial, Inc. has a one year low of $31.64 and a one year high of $49.37. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 20.65 and a beta of 0.95. The firm has a 50 day moving average of $46.75 and a 200-day moving average of $41.63.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Financial, Inc. will post $2.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.11%. Fidelity National Financial’s dividend payout ratio is presently 43.67%.
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Several analysts have commented on FNF shares. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Monness Crespi & Hardt lifted their target price on shares of Fidelity National Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.80.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd bought a new position in Fidelity National Financial during the second quarter valued at $277,000. Raymond James Financial Services Advisors Inc. raised its position in Fidelity National Financial by 45.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,619 shares of the financial services provider’s stock valued at $566,000 after buying an additional 3,915 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Fidelity National Financial by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 10,029 shares of the financial services provider’s stock valued at $450,000 after buying an additional 760 shares in the last quarter. PointState Capital LP bought a new position in Fidelity National Financial during the second quarter valued at $33,981,000. Finally, Janus Henderson Group PLC raised its position in Fidelity National Financial by 265.3% in the second quarter. Janus Henderson Group PLC now owns 112,859 shares of the financial services provider’s stock valued at $5,059,000 after buying an additional 81,963 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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